Make it happen

You can see that making small changes to your everyday spending can help you find a little extra each week to put into your super. Even small amounts now can add up over time and give you more money when you retire.

You can either make regular payments or a one-off payment.

Do it regularly

One way to put a bit extra in your super each pay day is to set up a salary sacrifice arrangement with your employer.

Do it once

Or you can make a one-off payment directly into your super account.

Get advice

Before making any financial decisions, we recommend you seek advice about salary sacrificing and making a one off payment, including the benefits, things to consider and limits on how much you can put in.

If you’re a Cbus member visit our website to find out more about putting extra into your super or call us on 1300 361 784

Government Co-contribution

Based on your income of $30,000 you can contribute $1,000 to your super after tax to get the maximum government co-contribution of $500.

Make sure you can say yes to all these eligibility criteria:

Your total income for the 2017/18 financial year is less than $51,813.

You made one or more personal after-tax contribution to your Cbus super account during the financial year, for which you have not claimed a tax deduction

At least 10% of your total income comes from your employment or from carrying on a business, or a combination of both

You will be less than 71 years old at the end of the financial year

You are a permanent resident and you did not hold a temporary visa at any time during the financial year (unless you are a New Zealand citizen or it was a prescribed visa)

You will lodge a tax return for the financial year

Your super fund has your tax file number

Salary sacrifice

You may be able to minimise the amount of income tax you pay by putting aside an amount of your pre-tax salary into your Cbus super account. This means you don't have to pay income tax on money you salary sacrifice to your super, instead a 15% contribution tax is paid from your super by your fund for incomes under $250,000, otherwise 30%. If you're earning more than $20,500 a year, then you'll probably get a tax saving by contributing to your super before tax.

For the 2017/18 financial year based on your age, you can contribute up to $25,000 per year before tax - but this also includes all contributions your employer pays such as your 9.5% super guarantee.

Salary Sacrifice is an arrangement between you and your employer.

Consider our PDS and your objectives, financial situation and needs, which are not accounted for in this information before making an investment decision.